Massive XRP Dump Hits Coinbase, Crashing Ripple's Price

As a huge Ripple coin (XRP) haul floods Coinbase, tanked prices follow. Registered yesterday evening by the crypto whale tracking Whale Alert, this 16,594,920 XRP token transfer from a self-custodial crypto wallet to Coinbase sparked immediate community reaction, as it surely looked like a sell-off. What’s Behind XRP’s $60M Coinbase Influx? Upon further research, this transfer appears to be a piece of a bigger puzzle that has been going around all summer. Starting from June, 2025, 23 crypto wallets shuffled similar amounts of Ripple (XRP) coins from DeFi wallets to Coinbase’s hot wallets, reducing the cumulative balance by nearly

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